Feb 18, 2022
Reserve Adoption Update 500,000
508,130, Socials, GitHub, Adoption, Peru again, Apostilles, Caption Competition… and so much more
Crunchies at the ready? 500,000 users? Then I’ll begin.
- Socials
- Adoption / videos
- GitHub
- AOB — Growth Analysis / Apostilles / Others
- Caption competition
Socials
Twitter and Insta are doing fine, but something has got stuck in TikTok land — not sure what.
Let’s have a look at how the App is doing on Android and iOS:
Still up there — good stuff, so we move on to reviews, which are still really good.
Adoption
Did I mention 500,000? Well it’s here, and in fact it was here on the 14th — how lovely (see what I did there). It’s a great milestone, so I thought I’d do a little investigation into startups and users (later).
As of this morning we’re at 508130, which is 15,817 more than last week and 2259 a day.
You might notice a tiny increase in gradient this week. I’m trying to get hold of the historic weekly data so I can flesh this out a bit and include last years numbers -watch this space.
We’ll move on to merchants and then tackle Peru!
First off — Reserve via Smeddy-o produced NEWZ! 2 articles in 2 weeks — the keyboard is smoking — apparently more to come.
As you can see @RedRangerFive is pretty prolific at takeing videos, and the advertising of merchants taking Reserve is building — I’ve been doing this a while and I can notice the volume increase. I think we’re really starting to see the network effects taking hold.
Some random photos for you :
The area of Choroni in Venezuela is nearly up to 100k followers and is having a giveaway of $100 to spend in the Reserve App!
Great advertising for Reserve as well, which brings me on to Pableysa Ostos — a journalist for El Nacional — with 109.9k followers…
She’s tweeting local merchants who accept Reserve :
So is Carlos Suniaga G. — 13.6k followers
I expect Guyana to be full of Reserve!! So far an adoption bumper spring special — spring special?
And there’s MORE!
Peru
Might as well give its own heading. Officially launched.
Telegram group gathering the first few members
A review!
And of course people were using it immediately:
Reserve has made a couple of videos on how to change from Soles to Dollars and back :
Where is the App in Peru? It’s been moving up..
Remember, Peru has the second most Venezuelan expats in South America after….. come on you all know it….. Colombia! Expect a lot of remittances back to Vz — lets just remind ourselves of the market again.
500k users saving $45 — lets say they put half of that into the RToken savings account — that’s 22.5M RTokens. It’s not a lot but the big hitters are just warming up. Meheeeeco.
Let’s also remember the beautiful vistas of Peru :
So that we can forget the dreadful vistas of Manchester — taken only yesterday.
Wow — an adoption record. I’ll do the startup user analysis in AOB. Next up is GitHub..
GitHub
What’s been going on in the coding world? Well we have 5 active branches, more testing scripts and even a draft of stRSR P1 (staked RSR = stRSR). I think I’m right in saying stRSR will not rebase but will rise, allowing a comparison between when you started staking and ‘now’ to determine your rewards as a %.
So the team are hard at work creating more and more tests for the protocol and are moving forward at a rate. So far, still April. So we move on to..
AOB
I’ll do the analysis of startups first, then cover the random stuff afterwards. So, how hard / easy is it to get your first 500,000 users? I think we should fairly look at when the support was in place to measure the time, but I can see that takein March 2021 would be completely fair — so lets take that as the start. 11 months to get to 500k users, and a projection of were to continue this trajectory (I would argue that’s harsh) would be November for the Million, so 18 months in total.
Lets have a look first at some larger known names getting to 1M
Now I know TikTok and the like got millions in a tiny amount of time, but these services I have listed require some background work. Moving to a new country for Reserve involves legal and banking agreements as well as liquidity provision, also knowledge of the local requirements for a finance App.
In all, I would say a very favourable comparison — I know the App landscape was different earlier on (not as many phone users / apps and interfaces not as powerful / easy and also obviously less internet speed), but CashApp took 3 years to get to 3 million users. I think Reserve will beat that.
Apostilles
Yes, those well known apostilles. Here’s Matt Gertler to fill us in:
So Mexico is on hold because of them — WHAT ARE THEY?
Seems they are a witnessed real-life signature on a document required to do State business with Mexico (in this case). Each State has their own procedure obviously, and with COVID being around they are probably backlogged — see below some states take up to 20 days to process one.
There’s ETHdenver going on, which is being attended by Smeddy-o and Sinatra from the Reserve side — they are obviously getting some high-brow information from other teams.
What else have we got? Giveaways as normal (and there will be a big one for the 500k celebration)
There is the 500k members club for 500 people who will receive up to 500RSV weekly!
I’ve put mine in in hope — I don’t have an account though :-(
For those that want a little relaxation and mind-calm, there was a live yoga session.
Bizarrely, to celebrate Valentines day, Reserve are holding a speed dating event. Bit left field that one.
And lastly (phew), I’ll trial a new feature :
Caption Competition
Rambling through the nest of vipers that is Twitter I came across this and thought — why not get some engagement? What’s the worst that can happen? Web3.0 Tumbleweed — that’s what. Anyway — feel free to comment on your ‘hilarious’ caption to the following picture. Winner will get a virtual Crunchie — named next Friday. Twitter or Medium comments are fine.
And with that, I thank you for reading as ever and wish you a happy and healthy week ahead.
